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    Riverfront Land with Existing Structure Title is generated by Realmo AI

    866 W 90th Street, Newaygo, MI 49337

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    For Sale
    $225,000

    LAND - Newaygo, MI

    Lot size:
    2.10 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 866 W 90th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18-35-200-006
    Lot size
    2.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART OF LOT 1 DESC AS COM 150 FT W OF NE COR THEREOF TH W 160 FT S 19D 07'W TO RIGHT BANK OF MUSK RIVER DESCENDING TH ELY ALG SD BANK ABOUT 160 FT TO A PT LYING S 19D 07'W OF THE POB TH N 19D 07'E TO THE POB SEC 35 T12N R13W
    Tax Annual Amount
    962

    Utilities

    Utilities
    Electricity Available
    Water front
    1

    We can help!

    Listing Contact
    Reed Schlender

    Listing agent Reed Schlender License #6501451549

    Listing office Core Realty Partners LLC 700 Terrace Point Dr, Muskegon, MI

    Listing date Jun 5, 2026

    MLS# 26027357 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2‑acre riverfront parcel with approx. 161 ft of frontage on the Muskegon River
    • Direct access to salmon & steelhead fishing, plus trout & smallmouth fishing
    • Existing structure on the property for renovation, recreational use, or future development (subject to local approvals)
    • Electricity available

    Overview

    This for-sale waterfront land offering consists of approximately 2.1 acres with about 161 feet of frontage on the Muskegon River. The parcel includes an existing structure, giving buyers options to pursue renovation, recreational use, or future development, subject to local regulations and required approvals.

    Located at 866 W 90th Street in Newaygo, Michigan, the property provides direct river access along the shoreline. In the seller’s remarks, the site is positioned for fishing opportunities, including access noted for salmon and steelhead, as well as trout and smallmouth fishing. The land sits within the Muskegon River corridor and is suited to buyers looking for a private retreat setting where they can spend time along the water.

    Given the combination of waterfront frontage, acreage, and an on-site structure, the property may fit buyers seeking a river-oriented lifestyle property that can be adapted over time. It can also be considered by those interested in a renovation project or a longer-term plan for development, with the understanding that any intended use would need to comply with applicable local rules and approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newaygo
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.822043
    Latitude
    43.390265

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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront parcel on the Muskegon River with frontage and an existing structure for renovation or recreational use.
    Where is this waterfront land located?
    The property is located at 866 W 90th Street Newaygo, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 2‑acre riverfront parcel with approx. 161 ft of frontage on the Muskegon River; Direct access to salmon & steelhead fishing, plus trout & smallmouth fishing; Existing structure on the property for renovation, recreational use, or future development (subject to local approvals)
    (616) 414-2953
    We can help!
    Listing Contact
    Reed Schlender
    Real Estate License ID: 6501451549
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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